Los Angeles-San Francisco Gasoline Spread Widens on Plant Work

The discount for San Francisco gasoline versus the same fuel in Los Angeles grew to the widest in a week as refineries in Southern California were said to be planning unit repairs this month.

California-blend gasoline in San Francisco weakened as Tesoro Corp. (TSO) and Phillips 66 were said to schedule maintenance on equipment at their Los Angeles refineries this month, according to people familiar with operations at the plants. Stockpiles of the fuel in Southern California were also at the lowest seasonal level last week in at least five years, the state Energy Commission said late yesterday.

The discount for Carbob in San Francisco versus Los Angeles widened to 6.75 cents a gallon at 4:13 p.m. New York time, the biggest since Dec. 27 and up from 5 cents Dec. 30, data compiled by Bloomberg show.

The Wilmington section of Tesoro’s 363,000-barrel-a-day Los Angeles refinery is scheduled to shut the hydrocracker this month for maintenance, two people familiar with the work said Nov. 25, asking not to be identified because the information isn’t public.

Phillips 66 (PSX)’s 139,000-barrel-a-day Los Angeles refinery also planned to shut a reformer for about 30 days of repairs, a person familiar with operations there said Dec. 30, also asking not to be identified because the information isn’t public.

Retail gasoline in California climbed 0.3 cent to $3.666 a gallon, according to Heathrow, Florida-based AAA.

To contact the reporter on this story: Lynn Doan in San Francisco at ldoan6@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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